Celsius Holdings Q2 Miss Investigation

Celsius Holdings reported second-quarter 2026 results on August 6, 2026, revealing a significant decline in core Celsius brand revenue of approximately 12% year-over-year, a sharp reversal from the 6% growth in Q1. The company missed analyst consensus revenue estimates of over $870 million, posting $817.9 million. Consolidated gross margin fell to 48.1% from 51.5%, and adjusted EBITDA declined 12% year-over-year despite total revenue growth of 10.6%. Management attributed the core-brand weakness to promotional activity, inventory rebalancing, softer club-channel sales, SKU rationalization, and delayed innovation, and indicated the brand could remain weak into Q3. Following the disclosure, the stock price declined sharply. Levi & Korsinsky, a securities litigation firm, commenced an investigation into whether Celsius Holdings made materially false or misleading statements regarding the performance and trajectory of its core brand, the timeline of its optimization project, and its margins. The investigation focuses on statements made before the corrective disclosure, including on the May 7, 2026 earnings call where CFO Jarrod Langhans described Q2 as a 'side-step' and anticipated a 'stair step' improvement in Q3 and Q4. The firm is seeking investors who suffered losses to participate in a potential securities class action.